Say you spend US$4000:
= 100K HHonors = ALON/GLON 6 nights.

= 28K Starwood = 5 nights Cat. 3 or 7.5 nights Cat. 2.

I think you're better off with 66K Qantas

than the 33K AAdvantage.
I call it a wash because for my uses
1 Starwood = 3.5 to 4 HHonors.
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Play the travel game 3 vacations into the future!